How president “golden parachutes” hurt shareholders

Among rich, poorMcKinnell didnt produce it back, but he did next to smallest amount shuffle along. Viacom VIA boss Philippe Dauman, business leader of the entertainment company since 2006, end day was particular a payout comparable to an exit package, together with special custody fairness awards worth further than $54 million on top of his yearly fairness grants of $6 million and stayed on the rudder. Indeed, Viacoms board extended his name until 2016. position an added way, his parachute comes equipped with rocket boots. Daumans predecessor may well produce gotten an even sweeter deal. The companys before head of the company, Thomas Freston, was fired considering barely nine months on the duty.

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